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May 22, 2018 | Tags: Slightly less activity yet higher prices in less time Housing demand is strong and supply is low. That’s been the story for a few years. But there is some early evidence that things could be starting to loosen up. That said, buyers shopping this spring will still face stiff competition. The lack of inventory combined with rising prices is encouraging some sellers to stay… Read More
April 18, 2018 | Tags: Mixed Spring: Activity cools while prices, market times remain hot From colder-than-average temperatures to a record-breaking snow storm, this spring has been anything but normal. While those searching for homes have seen more options since January or February, they’re still seeing fewer options compared to last year. That’s capped sales activity—particularly at the entry-level prices—and the lack of inventory combined with rising prices is encouraging… Read More
April 16, 2018 | Tags: Congratulations to our 2018 Scholarship Recipients Congratulations to our 2018 Scholarship Recipients. Ken Colston and Lyndon Smith received the Jean Leake Emerging Markets Scholarship and Susan Jackson was awarded the Ann Brockhouse Future Leader Scholarship. Recipients will meet with Minnesota legislators, walk the halls of the Capitol while attending the National Association of REALTORS® Legislative Meetings and Trade Expo in Washington… Read More
March 26, 2018 | Tags: Q1 - 2018 Home Payment Report The “MGIC/MAAR Home Payment Report” is a quarterly overview of typical monthly payments on homes recently sold in the Twin Cities’ 50 most active real estate markets. Agents can download the report and forward it to prospects or include it in their own marketing pieces. The report is produced through a partnership between MAAR and MGIC… Read More
March 16, 2018 | Tags: Sales down in early spring market while prices rally The big story of 2017 was threefold: the median sales price reached an all-time high; closed sales reached a 12-year high; and inventory levels reached a 15-year low. Sales nearly broke their all-time record, but fell just short of their all-time 2004 high. In February 2018, new listings posted a year-over-year decline for a fourth… Read More
March 7, 2018 | Tags: NAR Commemorates the 50th Anniversary of the Fair Housing Act Excerpt: "The 50th anniversary of the Fair Housing Act represents an opportunity to remind ourselves not only of the importance of the law in shaping the real estate landscape today, but also to look back on what the situation was like before it was enacted, when the process of buying or renting a home was… Read More